Actuary Hourly Pay in Oak Park, IL: $62.18 (2026)
Quick Answer:Hourly pay for a actuary working in Oak Park, IL runs $62.18 at the median for 2026 — annualizing to $129,323 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Oak Park's regional price level (BEA RPP 97.1, 3% below national), each hour of work buys what $64.04 nationally would. A 24-hour part-time schedule grosses $77,598 per year.
Based on BLS state-level estimates · View source
In Oak Park, Illinois, the actuary hourly pay is projected to be $62.18 in 2026, slightly below the national average of $64.50. This rate positions actuaries in a good light, especially for those pursuing part-time opportunities or per-diem roles in various settings such as insurance companies, consultancy firms, and pension plan meetings. The hourly pay ranges from $36.06 at the entry-level (10th percentile) to about $96.37 for top earners in their field (90th percentile). The averages and ranges provided here are derived from annual salary metrics, reflecting the diverse opportunities available for both new entrants to the profession and seasoned professionals in Oak Park.
About the Oak Park Market
Salary estimated from Illinois average ($130,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $36.06 | $288.46 |
| Lower Range (P25) | $48.49 | $387.95 |
| Median (P50) | $62.18 | $497.42 |
| Upper Range (P75) | $79.59 | $636.70 |
| Top Earners (P90) | $96.37 | $770.95 |
Estimated Annual Income by Work Schedule in Oak Park
Based on $62.18/hr median hourly rate · 2026 est.
At $62.18/hr, a actuary working full-time (40 hr/wk) in Oak Park, IL can expect to earn approximately $129,330 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $74,614. With a cost-of-living index of 97.10 (below the national average), these earnings stretch further in Oak Park.
Hourly Rate Calculator
Schedule Comparison in Oak Park
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,487.12 | $10,778 | $129,330 |
| Part-Time (24 hrs) | $1,492.27 | $6,467 | $77,598 |
| Per Diem (16 hrs) | $994.85 | $4,311 | $51,732 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Oak Park) | $62.18 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Oak Park, IL earn a median of $129,323 per year (2026 est.), which is 3.61% lower than the national median of $134,160 and 0.70% below the Illinois state average of $130,235.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $62.18/hr = $77,598/year (purchasing power: $79,916).
Working 40h/week (full-time) = $129,330/year (purchasing power: $133,193).
CoL index: 97.1 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$50.22/hr
2025 BLS Actual
$60.25/hr
2026 Current Est.
$62.18/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Oak Park (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $50.22/hr | Actual |
| 2020 | $51.46/hr | Actual |
| 2021 | $49.08/hr | Actual |
| 2022 | $52.83/hr | Actual |
| 2023 | $55.62/hr | Actual |
| 2024 | $60.25/hr | Actual |
| 2025 | $60.25/hr | Actual |
| 2026(current) | $62.18/hr | Estimated |
| 2027 | $64.17/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Oak Park grew 20.0% from $50.22/hr (2019) to $60.25/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $64.17/hr by 2027. Part-time and per-diem actuaries can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Oak Park metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.20% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Working as an Hourly Actuary in Oak Park
Focusing on the earning potential for part-time actuaries, working three days a week (approximately 24 hours) would yield an annual income of roughly $77,185, which is substantial when contrasted with full-time earnings. While fully credentialed professionals such as Fellows of the Society of Actuaries (FSA) can command significantly higher hourly rates—typically ranging from $250 to $500 for consulting or expert witness work—the trade-off comes down to balancing benefits and job stability against higher hourly earnings in flexible arrangements. Employers like Prudential, MetLife, and various consulting firms often offer attractive compensation for FSAs and FCAS, especially for specialized roles. However, some actuaries may accept lower hourly wages in exchange for enhanced benefits, such as health insurance coverage. Those looking to negotiate effectively in Oak Park should consider emphasizing specialized skill sets, such as experience in predictive analytics, as these are increasingly sought after in the profession.
More salary data for Oak Park, IL:
Frequently Asked Questions
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Written by Maria Chen, FSA, MAAA
Career Analyst
Maria has 10 years of experience in life insurance. She specializes in risk assessment and pricing strategies.
Methodology & Data Source
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 3.20% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for actuaries in Oak Park. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Salary data for Oak Park is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.20%, derived from historical BLS wage trends for actuarys (SOC 15-2011).
Compiled and verified by Maria Chen, FSA, MAAA, a licensed actuary with 10+ years of clinical experience. · View source data at BLS.gov